Diploma (LON:DPLM) Hits New 1-Year High Following Analyst Upgrade

Key Points

• Diploma PLC shares hit a new 52-week high after Berenberg Bank increased its price target from GBX 5,750 to GBX 6,350 and reaffirmed a buy rating on the stock.
• Other analysts, including Jefferies and JPMorgan Chase, have issued mixed ratings, with Jefferies setting a new target of GBX 5,200 and maintaining a "hold" rating.
• The company operates in three sectors: Life Sciences, Seals, and Controls, and has a market capitalization of £7.43 billion.

Diploma PLC (LON:DPLM - Get Free Report)'s stock price hit a new 52-week high during trading on Thursday after Berenberg Bank raised their price target on the stock from GBX 5,750 to GBX 6,350. Berenberg Bank currently has a buy rating on the stock. Diploma traded as high as GBX 5,565 ($75.70) and last traded at GBX 5,540 ($75.36), with a volume of 239194 shares trading hands. The stock had previously closed at GBX 5,440 ($74.00).

DPLM has been the subject of a number of other reports. JPMorgan Chase & Co. restated a "neutral" rating and set a GBX 4,440 target price on shares of Diploma in a report on Wednesday, August 6th. Jefferies Financial Group raised their target price on shares of Diploma from GBX 4,500 to GBX 5,200 and gave the stock a "hold" rating in a report on Thursday, September 11th. Finally, Shore Capital restated a "hold" rating and set a GBX 5,100 target price on shares of Diploma in a report on Thursday, July 17th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, Diploma currently has a consensus rating of "Hold" and a consensus target price of GBX 5,238.

Diploma Trading Down 0.9%

The firm has a market capitalization of £7.31 billion, a P/E ratio of 4,385.43, a price-to-earnings-growth ratio of 2.82 and a beta of 0.75. The business's 50-day moving average is GBX 5,299.66 and its 200 day moving average is GBX 4,632.25. The company has a debt-to-equity ratio of 62.17, a current ratio of 2.17 and a quick ratio of 0.80.

About Diploma

Diploma PLC, together with its subsidiaries, supplies specialized technical products and services in the United Kingdom, Continental Europe, North America, and internationally. It operates through three business sectors: Life Sciences, Seals, and Controls. The Life Sciences sector supplies technology-enabled products used in surgical procedures in operating theatres and endoscopy; testing equipment and services for clinical laboratories; and bio-pharma, food safety and testing, and other research-oriented products.